OP Asset Management Ltd Takes Position in Wintrust Financial Corporation $WTFC

OP Asset Management Ltd bought a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,560 shares of the bank’s stock, valued at approximately $773,000.

Other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the 1st quarter valued at $27,000. Elyxium Wealth LLC acquired a new position in shares of Wintrust Financial in the fourth quarter valued at $31,000. Creative Financial Designs Inc. ADV raised its position in shares of Wintrust Financial by 231.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after purchasing an additional 160 shares during the period. Harbour Investments Inc. lifted its stake in shares of Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after buying an additional 101 shares during the last quarter. Finally, Strive Financial Group LLC acquired a new stake in shares of Wintrust Financial during the 4th quarter worth about $39,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 9,579 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the completion of the transaction, the chief operating officer owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David L. Stoehr sold 3,020 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total transaction of $454,359.00. Following the completion of the sale, the chief financial officer owned 13,213 shares in the company, valued at approximately $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,099 shares of company stock worth $1,954,386 over the last 90 days. Insiders own 1.24% of the company’s stock.

Wintrust Financial Stock Up 0.2%

NASDAQ WTFC opened at $160.72 on Wednesday. The business has a fifty day moving average price of $152.05 and a two-hundred day moving average price of $147.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $163.36. The stock has a market capitalization of $10.84 billion, a PE ratio of 13.47 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company had revenue of $713.17 million for the quarter, compared to analyst estimates of $707.23 million. During the same quarter last year, the company posted $2.69 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts expect that Wintrust Financial Corporation will post 13.09 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.20 annualized dividend and a yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is 18.44%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. TD Cowen upped their price target on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Citigroup raised their price objective on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Stephens started coverage on Wintrust Financial in a report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price objective for the company. Truist Financial decreased their target price on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Finally, DA Davidson reiterated a “buy” rating and set a $185.00 target price on shares of Wintrust Financial in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $170.58.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.